🔥 US CPI: +0.4% in October vs 0.3% expected. Core beat too: 0.3% vs 0.2%.
🏦 December's hike was already priced. What moved is the size: odds of a 50 bp hike went from about 1% to about 15%.
📉 $BTC fell to 72,727, its lowest since August 20th.
My take: the question is no longer if the Fed hikes, but how hard. That's worse for risk assets. 🧐
What I'm doing: watching the 2-year yield (about 4.74%, +19 bp today), not the next green candle.
Source: BLS via Binance News, CME FedWatch, CNBC. Not financial advice.
🏦 December's hike was already priced. What moved is the size: odds of a 50 bp hike went from about 1% to about 15%.
📉 $BTC fell to 72,727, its lowest since August 20th.
My take: the question is no longer if the Fed hikes, but how hard. That's worse for risk assets. 🧐
What I'm doing: watching the 2-year yield (about 4.74%, +19 bp today), not the next green candle.
Source: BLS via Binance News, CME FedWatch, CNBC. Not financial advice.
